First Financial Bankshares, Inc. (NASDAQ:FFIN), closed the day at $25.66, a rise of 6.83 per cent and a stock price that brought its market cap to $3.75 billion. Volatility for the week was 6.62%, which was 7.89% in the previous month. The company closed the session with a trading volume of 397.49 thousand shares, below from its average daily trading volume of 674.75 thousand. It has been generating revenue of $319.2 million while net income posted by the company in last 12 months was $164.8 million.
First Financial Bankshares, Inc (NASDAQ: FFIN), on January 2, 2020, came announcing completion of its acquisition of TB&T Bancshares, Inc. and its wholly owned subsidiary, The Bank & Trust of Bryan/College Station, Texas, effective January 1, 2020. First Financial’s banking operations now include 78 locations that span from Hereford in the Panhandle to Orange in southeast Texas. In accordance with the terms of the definitive agreement, First Financial issued approximately 6.3 million shares of First Financial common stock, with an approximate value of $220.3 million, to the shareholders of TB&T Bancshares, Inc. In addition, prior to closing, TB&T Bancshares, Inc. paid a special dividend to its shareholders totaling approximately $2.0 million in accordance with the definitive agreement. The purchase price was originally established based on a $30.28 price per share of First Financial’s common stock and totaled $190 million as of the close of business on the day both parties agreed to pricing. As of December 31, 2019, The Bank & Trust of Bryan/College Station had total assets of approximately $631.1 million, total loans of approximately $455.4 million and total deposits of approximately $551.9 million.
“We are excited to welcome the TB&T team into the First Financial family,” said F. Scott Dueser, Chairman, President and CEO of First Financial. “This well-managed, high performing bank in the high growth Bryan/College Station market will be an excellent addition to our Company. We are most impressed with the employees, officers, management and board of this quality bank, who share our same values, philosophies and commitment to outstanding customer service.” “With its larger size and successful track record, First Financial offers our customers new and expanded services and creates more opportunity for our employees,” said Timothy N. Bryan, Chairman and CEO of The Bank & Trust of Bryan/College Station. “Our customers will continue to see the same friendly, local employees and the same strong commitment to the local community. At the same time, we will be able to offer a broader range of banking products and services including expanded depository products, state-of-the-art mobile banking and treasury management services, a larger lending capacity and trust services.”
When looking at performance, we see the stock demonstrating a weekly performance of -9.23% while keeping a monthly performance of 8.18%. Quarterly performance saw a drop of -26.83% and continued the negative trend with a yearly performance of -15.29% while showing YTD performance of -26.89% which was -23.04% for last six months. The 52-week range for the stock was 20.70 – 36.45 that put its current price at a premium of 23.96% to the 52-week low price whereas it is trading at a discount of -29.6% to the 52-week high price.
The Regional – Southwest Banks company is currently upholding a net profit margin of 51.6%. Operating margin for the last 12 months remained 89.6%. The company’s EPS for trailing 12 months is $1.21 and its annual dividend yield is 1.87% with a payout ratio of 37%. It is estimated to be posting an EPS of $0.29 for the current quarter. The Beta number showed the stock is subject to risk -11% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is 2% while ROE for the same period is 14% and have seen an average of 20.6% return on investment (ROI).
The outstanding share count is 146.01 million shares but the size of available float is 136.08 million shares. The stock’s current price is lagging SMA-200 by -19.99% which is also -10.63% down from SMA-50. Reducing that period to a shorter term, we see the price is also lagging -0.95% to the SMA-20.